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Goodwill, Core Deposit Intangible and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill and Core Deposit Intangible Assets

The following table summarizes the changes in the Company’s goodwill and core deposit intangible assets for the years ended December 31, 2021, 2020 and 2019:

 

 

2021

 

 

2020

 

 

2019

 

 

Goodwill

 

 

Core Deposit
Intangible

 

 

Customer
Relationship
Intangible

 

 

Goodwill

 

 

Core Deposit
Intangible

 

 

Customer
Relationship
Intangible

 

 

Goodwill

 

 

Core Deposit
Intangible

 

 

Customer
Relationship
Intangible

 

Beginning balance

$

148,353

 

 

$

21,809

 

 

$

2,469

 

 

$

148,353

 

 

$

29,111

 

 

$

2,791

 

 

$

128,177

 

 

$

30,360

 

 

$

3,059

 

Additions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20,176

 

 

 

6,220

 

 

 

 

Amortization or accretion

 

 

 

 

(6,805

)

 

 

(268

)

 

 

 

 

 

(7,302

)

 

 

(322

)

 

 

 

 

 

(7,469

)

 

 

(268

)

Ending balance

$

148,353

 

 

$

15,004

 

 

$

2,201

 

 

$

148,353

 

 

$

21,809

 

 

$

2,469

 

 

$

148,353

 

 

$

29,111

 

 

$

2,791

 

Accumulated amortization
   or accretion

N/A

 

 

$

40,462

 

 

$

1,015

 

 

N/A

 

 

$

33,657

 

 

$

747

 

 

N/A

 

 

$

26,355

 

 

$

425

 

Weighted average remaining
   amortization or accretion period

N/A

 

 

4.8 Years

 

 

8.3 Years

 

 

N/A

 

 

5.6 Years

 

 

9.3 Years

 

 

N/A

 

 

6.5 Years

 

 

10.4 Years

 

Estimated Amortization Expense for Core Deposit Intangible and Customer Relationship Intangible Recognized

The following table presents the estimated amortization expense for core deposit intangible and other intangible assets recognized at December 31, 2021:

 

 

 

Estimated
Amortization

 

2022

 

$

6,386

 

2023

 

 

4,336

 

2024

 

 

2,286

 

2025

 

 

1,721

 

2026

 

 

1,157

 

Thereafter

 

 

1,319

 

Total

 

$

17,205